The correct answer is Option (1) → (A), (B) and (C) only
(A) While globalisation is not caused by any single factor, technology remains a critical element. (Correct). Globalisation has many drivers (economic, political, cultural), but technology is a critical element enabling it.
(B) There is no doubt that the inventions of telegraph, telephone, and microchip in more recent times have revolutionized communication between different parts of the world and have boosted globalisation process. (Correct). Inventions like the telegraph, telephone, and microchip revolutionised communication and boosted globalisation.
(C) The ability of ideas, capital, commodities and people to move more easily from one part of the world to another has been made possible largely by technological advances. (Correct). Movement of ideas, capital, commodities, and people across borders has been made much easier due to technological advances.
(D) Globalisation has restricted the impact of any major global economic event to the immediate local environment only. (Incorrect). Globalisation does not restrict the impact of global economic events; instead, it magnifies them. For example, the 2008 financial crisis spread rapidly across the world due to global interconnectedness. |
